Trivium Point Advisory LLC Sells 5,242 Shares of EOG Resources, Inc. (NYSE:EOG)

Trivium Point Advisory LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,525 shares of the energy exploration company’s stock after selling 5,242 shares during the quarter. Trivium Point Advisory LLC’s holdings in EOG Resources were worth $3,786,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after acquiring an additional 348,895 shares in the last quarter. Capital World Investors lifted its position in EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after buying an additional 1,188,552 shares in the last quarter. Northern Trust Corp lifted its position in shares of EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after buying an additional 159,216 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after buying an additional 60,454 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Up 1.1%

EOG opened at $119.32 on Thursday. The company has a fifty day moving average price of $120.01 and a 200-day moving average price of $119.64. The firm has a market capitalization of $65.15 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 9.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.16 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.4%. EOG Resources’s dividend payout ratio (DPR) is presently 37.90%.

Analysts Set New Price Targets

EOG has been the topic of several recent analyst reports. Stephens initiated coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 target price on the stock. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Piper Sandler decreased their price target on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada decreased their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, July 8th. Finally, Susquehanna raised their price target on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average target price of $140.71.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.